DealBook Online

By MICHAEL J. de la MERCED, BROOKS BARNES, JANET MORRISSEY and WILLIAM ALDEN

Published: July 17, 2012

CLASSIC MEDIA BIDDING DreamWorks Animation is said to be the leading bidder for Classic Media, the closely held owner of characters like Casper the Friendly Ghost, left, and the Lone Ranger. DreamWorks Animation has offered more than $150 million, far above other bidders, said a person briefed on the matter who asked for anonymity because the deal was not complete. The high valuation led other bidders to consider walking away, the person said. MICHAEL J. de la MERCED

and BROOKS BARNES

QUESTIONING A SALE PRICE Shares of Par Pharmaceutical Companies surged more than 40 percent after the private equity firm TPG said it had reached a deal to acquire the company for $1.9 billion, or $50 a share. But some in the industry believe that the TPG bid is below the company's true value, indicating that other suitors could surface.

''We believe that this business can easily generate cash flows of about $200 million to $250 million a year, which we value at closer to $60 a share in the hands of a strategic buyer who would be able to drive synergies,'' Ami Fadia of UBS wrote in a note.

JANET MORRISSEY

GLAXO TO BUY HUMAN GENOME GlaxoSmithKline of Britain announced that it would buy the biopharmaceutical company Human Genome Sciences of Rockville, Md., on friendly terms for about $3 billion, ending a long hostile takeover campaign and Human Genome's effort to find an alternate buyer. Biopharmaceutical companies like Human Genome, which is developing a lupus drug with Glaxo, have been in demand in recent years as big drug makers seek to replenish their product pipelines.

MICHAEL J. de la MERCED

REGIS SELLS HAIR CLUB The Regis Corporation has agreed to sell its hair restoration division, Hair Club for Men and Women, to the Japanese wig maker Aderans for $163.5 million in cash. Regis, whose franchises include Supercuts and Sassoon Salon, said the deal would help it shore up profit and focus on its main business at a time when customers are making fewer haircut visits. The transaction is expected to close later this year. WILLIAM ALDEN